Snapchat Raised $1.8B In A Series F Round; Leaked Deck Reveals Revenues, User Numbers
by MR Magazine Staff
May 27, 2016
Earlier this week, we reported that the messaging app startup Snapchat was raising more money. Now we have more updates for you. An SEC filing has been made today with information about Snapchat’s latest Series F round, in which it has raised $1.8 billion. Separately, we’ve also obtained a leaked pitch deck, revealing Snapchat’s revenue and forecasts. The Los Angeles-based company recently started its monetization efforts and brought in just $59 million in revenue in 2015, according to data in the deck. But it is now ramping up business in earnest, with the funding to match. In its most recent Series F of $1.8 billion, $1.158 billion of that has been raised in the last five months, since January. Read more at Tech Crunch.
